Gold that sits and gold that pays, counted from what storage already costs you
Anyone who has kept metal for a few years knows the arithmetic nobody mentions at the counter. The box costs something every year. Insuring what is in it costs something. The gap between the price you paid and the price you would be quoted today was paid on day one. None of it shows up as a loss anywhere — it just sits quietly under the position. This page starts there, because that number, whatever yours is, is the honest starting line for asking whether a gold-denominated reward is worth anything at all.
| Cost line | Who charges it | Does it stop if you do nothing | Does it grow with the holding |
|---|---|---|---|
| Box or vault fee | Bank or storage provider | No — charged yearly | By space, in steps |
| Insurance | Insurer or storage provider | No | Yes — with value |
| Dealer spread | The dealer, at purchase | Already paid | Yes — proportional |
| Re-checking a bar at resale | The buyer, as a deduction | Only if you never sell | Per bar |
| Holding through the programme | Programme fee, inside the formula | It applies to the reward, not to a stored bar | Proportional to participation |
AYNI Gold — key figures
The programme these pages describe — AYNI Gold: participation tied to a licensed Peruvian gold operation, with rewards measured and paid in metal (PAXG) rather than in a project token.
*Target Variable Reward is a target, not a guarantee; actual rewards vary and may be zero.
The lines you are already paying on metal that does nothing
There are usually four. A safe deposit box or vault fee, charged yearly whether or not you open it. Insurance, either a rider on a policy or the storage provider's own cover, which scales with value rather than with weight. The dealer's spread, paid once at purchase and recovered only if the metal appreciates past it. And, if you took the bar home, the eventual cost of satisfying a future buyer that it is what it says it is. Write your own four down before reading further; the rest of this page only means anything measured against them.
The spread is a cost even on a day when nothing happens
A dealer publishes two prices and lives on the distance between them. That distance is not a fee you can negotiate away by holding longer — it is the amount by which the metal has to move before you are level. This is why the cost of owning gold is routinely understated: people count the box, forget the spread, and then judge every alternative against a zero that was never zero.
What changes when the position pays in metal every ninety days
AYNI Gold's Gold Units are fixed tiers from $30 to $50,000 that accrue daily and distribute every 90 days, in PAXG. Whatever the reward turns out to be, the structural change is that something arrives on a schedule against costs that were already leaving on a schedule. The Target Variable Reward for Gold Units is stated as up to 33% a year: a target, not a promise, following actual production, and it may be zero. Set it against your own four lines rather than against nothing, and at least the comparison is honest.
What this does not remove
For the part of a holding that sits here rather than in a vault you rent, it removes the box, the insurance and the question a future buyer would ask about a specific bar, because what arrives is PAXG. It does not remove the gold price, which moves the same way for everyone. It does not remove operational risk: metal has to come out of the ground under INGEMMET concession #070011405 and be sold before anything is distributed. And it adds two costs of its own — key security, and the programme fee that sits inside extraction − operating costs − programme fee.
Counting it over three years instead of one
Most owners judge a holding over a year, and most of its costs behave over three. A box fee and an insurance premium repeat. The spread does not repeat, but it also does not shrink. A re-check at resale happens once, at the very end. Laid out across three years the picture usually surprises the owner: the metal has to appreciate by a measurable amount simply for the position to stand still.
Nothing here says it will not — gold has done that and more over long stretches. The point is only that the standing-still line sits higher than most owners assume. Against it, a position that distributes every 90 days changes the shape rather than the direction: it does not remove the gold price, it is not a substitute for holding metal, and the reward may be zero. What it does is put an inflow on the same calendar as the outflows you were already paying.
FAQ
- Why start from storage costs rather than from the reward?
- Because a reward only means something next to what the same metal already costs to keep. A box fee, insurance and the dealer's spread are real outflows that most owners never total up, and they are the baseline any comparison should use.
- Does holding through the programme remove my storage costs?
- For the part held this way there is no box to rent and no bar to insure, and rewards arrive as PAXG in a wallet you control. You take on key security instead, and the gold price and the operational risk of the mine remain.
- Is the reward fixed once I know my costs?
- No. It follows actual production, costs and the gold price under the formula extraction minus operating costs minus programme fee. The published figure is a target and rewards may be zero.
- How often does anything actually arrive?
- Gold Units accrue daily and distribute every 90 days, paid in PAXG to a wallet you control. Token staking runs on longer lock periods.